The U.S. Stock Market Will Crash Before 2019 - MICHAEL PENTO ( October 2018 )
This video posted with permission
Report Date: October 2018
Michael Pento tells us beginning now and going into 2019, the stock market will be moving quite differently then the last couple years. The U.S. stock market is 140% the size of the economy.
Normally, it should be 60%. Pento tells us a revaluation is coming: a 50% decline in the stock market. This is healthy for the stock market’s long term viability, he says. We are starting to see a sell-off right now. The Dow is at a level we haven’t seen since August. And the sell-off is world-wide.
The global index FTSE recently dropped to it’s lowest point since April. The nucleus of the bubble though is in the corporate bond market, Pento says.
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